(TheNewswire)
Vancouver, Canada - TheNewswire - October 11, 2023 - Klondike Silver Corp. (the “Company”) (TSX.V:KS) hasissued Units for debt to various arms length parties. The variousparties have agreed to a total of 2,233,072 Units to be issued for atotal value of Cdn$111,653 (which includes original Loan amounts plusinterest at 10%). Each Unit consists of one common share and a sharepurchase warrant exercisable at $0.05 for a period of 5 years. TheUnits are being issued at a deemed price of $0.05. The shares aresubject to a four month and one-day hold period from date of issue, inaccordance with the policies of the TSX Venture Exchange andapplicable securities law. The TSX Venture Exchange has accepted theterms for the debt settlement.
About KlondikeSilver
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Klondike’s Silvana Mine Silver ZincLead project is located in South EasternB.C.
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Klondike’s 116 square kilometer claim block is 138 km north of theTrail B.C. smelter.
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Klondike Silver is exploring fromunderground , along the 9 km “Main Lode”. The “MainLode” is the most prolific mineralized structure in the SlocanMining Camp.
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There are 13 historical mines thatare situated along the “Main Lode” which have produced886,000 kg of silver, 95 million kg of zinc and 117 million kg lead sofar. (source: BC MINFILE).
Additional information can be found on Klondike Silver’s website: www.klondikesilver.com
On Behalf of the Board of Directors | Contact Information |
Klondike Silver Corp. | Corporate Inquiries: |
"Thomas Kennedy" | Dale Dobson: (604) 682-2928 |
Thomas Kennedy, B.Comm., J.D. | |
CEO, Director |
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. The TSX Venture Exchange has not reviewed the contentof this news release and therefore does not accept responsibility orliability for the adequacy or accuracy of the contents of this newsrelease.
Caution Regarding Forward-Looking Information
This news release includes certain information that mayconstitute “ forward-looking information ”under applicable Canadian securities legislation. Forward-lookinginformation includes, but is not limited to, statements aboutstrategic plans, future work programs and objectives and expectedresults from such work programs. Forward-looking informationnecessarily involve known and unknown risks, including, withoutlimitation, risks associated with general economic conditions;inability to access sufficient capital from internal and externalsources, and/or inability to access sufficient capital on favourableterms; and other risks.
Forward-looking information is necessarily based upon anumber of estimates and assumptions that, while considered reasonable,are subject to known and unknown risks, uncertainties, and otherfactors which may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookinginformation and the risks identified in the Company’s continuousdisclosure record. There can be no assurance that such informationwill prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such information.Accordingly, readers should not place undue reliance onforward-looking information. All forward-looking information containedin this news release is given as of the date hereof and is based uponthe opinions and estimates of management and information available to management as at the date hereof. The Companydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, except as required by law.
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